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prior lien

noun
1.
a lien having priority over others attached to the same property.
Also called first lien.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for prior lien
  • Holder of special lien may acquire and enforce prior lien.
  • prior lien creditor-The state has no preference over a creditor who has a prior lien, recorded or not.
  • Though the lender holds a first lien on the property, an unpaid real estate tax usually creates a prior lien on the property.
  • When equitable subrogation is applied, it applies only to the extent of the prior lien.
  • Each vehicle in this case was subject to a prior lien.

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